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The Fed’s announcement generates volatility in Bitcoin

The bitcoin price shows the initial reaction to the Fed’s interest rate decision. Day traders who witness the move are likely to join the fray. sudden influx of capital targeting $22,000 and $22,614. A break above $21,800 will likely be the catalyst that fuels the anticipated move.

The price of Bitcoin at the moment is auctioned at $21,900. Traders must be careful not to get caught on the wrong side of the move. Liquidity hunts and shocks are common occurrences after major news events. A failure to promote additional bullish engulfing candles above $22,100 or a pullback to $21,290 could be early evidence of a smart money trap.

BTC/USD 5 minute chart

In the video below, our analysts take a deep dive into Bitcoin’s price action, looking at the key levels of inertia in the market – FXStreet Team

Source: Fx Street

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